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April 22, 2017 @ 05:19 AM

April 22, 2017 @ 05:19 AM

MBA is meant for those who can adapt with new challenges

MBA is meant for those who can adapt with new challenges

Published: Wednesday, 5 April, 2017 12:45 PM

MBA is meant for those who can adapt with new challenges

Businesses do not run in isolation. They mirror the changes happening around. The ever changing world of business, in response to the rapid changes occurring in the society, demands a workforce that is quick to adapt to the new challenges that await them. People who keep themselves updated with the latest trends, remain calm under intense pressure and can take considered decisions without getting flustered, are valuable for the business. The MBA course, which prepares people for the business world, is better suited for people who are dynamic and adaptive.

Changing business environment

Businesses around the globe are acquiring a different dynamism, thanks to the ever changing world. It is forced to adapt itself to various new challenges of this century, be it rapid globalisation, technological innovations, environmental concerns, evolving laws and policies of various countries, intense competition and so on. Considering this, the demand for dynamic, flexible, quick thinking executives has also increased. This is reflected in the MBA curriculum too, that has become rigorous, with the right balance between theory and real life.

Technological revolution

Technological innovations, which are taking place every second, has changed the way businesses were perceived. It has forced businesses to come out of their comfort zones and evolve with time, keeping technology at the centre. Internet, teleconferencing, cloud computing, 3D printing, APIs and Mobile Marketing are some of the innovations that are changing the business world.  

MBA is dynamic

The MBA curriculum itself is not stagnant and continuously evolves with time. It incorporates the changes taking place in the society and equips the students as much as possible to be ready for the situations that they may face in their workplaces. People who possess the ‘Can Do Attitude’, an inherent keenness to face challenges and turn them into opportunities will be better equipped to exploit a course such as MBA. They will be able to adapt themselves to the rigours of the course easily and also be ready for any new challenge that comes their way. Field trips, internships, projects and so on are an integral part of the course. A person with a rigid mindset and a set pattern will find it difficult to make good use of the course, whereas a person, who is willing to explore and push his/ her boundaries and embrace the new changes is more likely to be successful.

Risk

Businesses thrive on new ideas to remain competitive and keep growing. If a business is not constantly reinventing itself, other competitors will soon catch up with it. Also, a business is unpredictable and fraught with risks. Therefore, executives and managers, who are sharp and adaptive to the hostile environment will succeed.

Thus, people, who can adapt and handle the new challenges with ease, are the ones more likely to excel in the MBA as well as in the job market.

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